Looking to diversify beyond GDIG.L? The ETFs below have the lowest correlation with GDIG.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GDIG.L.
Best Diversifiers for GDIG.L
19 ETFs have low correlation with GDIG.L (below 0.3), 4 of which are negatively correlated. The least correlated is SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) (Energy Equities) with a 1Y correlation of -0.10, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P US Energy Select Sector UCITS ETF | -0.10 | 0.17 | 0.27 | 54 | Energy Equities | GDIG.L vs GXLE.L | |
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.08 | 0.13 | — | 63 | Commodities | GDIG.L vs ENCG.L | |
| UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a... | -0.04 | 0.18 | 0.26 | 72 | Commodities | GDIG.L vs UC15.L | |
| L&G All Commodities UCITS ETF | -0.01 | 0.18 | 0.23 | 65 | Commodities | GDIG.L vs BCOG.L | |
| Market Access Rogers International Commodity UCITS... | 0.01 | 0.26 | 0.36 | 66 | Commodities | GDIG.L vs RICI.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDIG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDIG.L and solid risk/return profiles. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of 0.79, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | 0.79 | 0.76 | 0.75 | 92 | Financial Services |
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